By KBC Associate 
Surprisingly, I pay an annual fee for one card that is not a credit card: FoundersCard.
Rather, it’s a membership community offering discounts and benefits in many different lifestyle categories. This card has many benefits, discounts and amenities that make travel easier and enhance my lifestyle, including unmatched airline discounts and up to 50% off on shipping at FedEx and UPS.
You can get these benefits without applying for a credit card — but is the card worth the membership fee? Let’s investigate.
The information for the FoundersCard has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
What is FoundersCard?
FoundersCard is a membership program that offers elite status, travel discounts, complimentary subscriptions and special pricing with lifestyle brands. It is not a credit card, and you can’t make any purchases with it.
Despite the name, you don’t have to be a “founder” or entrepreneur to have this card; anyone is welcome to apply. The application process is short, and a decision is usually given within two days.
How much does a FoundersCard membership cost?
There are two membership tiers:
- Standard: $595 a year
- All Access Elite: $995 a year
You must also pay an additional $95 initiation fee.
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Occasionally, discounted membership offers are available. I’ve seen the standard membership go for as low as $295 a year for life; in fact, I was able to secure that rate.
Here are the differences between the two membership tiers:
The standard membership is more than adequate for my needs, and all the benefits, credits and discounts I receive more than cover the annual membership fee. However, I have also been offered an upgrade to elite membership for just $100. I am considering the upgrade, since elite membership comes with a $250 JSX flight credit, which I can use to book a semiprivate flight on one of the many routes in JSX’s growing network. Upgrading would essentially save me $150 on any JSX flight.
Benefits of FoundersCard
FoundersCard has over 500 benefits that are broken into categories such as travel, shopping subscriptions and business services. Membership gives you elite status and benefits similar to those offered by premium travel rewards credit cards, without adding another credit card to your wallet.
It’s worth noting that many FoundersCard benefits overlap with benefits I receive from The Business Platinum Card® from American Express, such as Hilton Honors Gold status (enrollment is required, terms apply) and Hertz Five Star status (enrollment is required, terms apply) — but there are distinct benefits I use that are only available with FoundersCard.
My favorite benefits
Out of the 500-plus benefits on the FoundersCard, a few of my favorites include:
- Discounts on Alaska Airlines, Delta Air Lines and United Airlines. Depending on which airline I book with, I can receive between 5% and 20% off my purchase.
- Shipping discounts at FedEx and UPS.
- Dell business discounts worth up to 40%. I often stack this discount with the Amex Business Platinum card’s up-to-$200 semiannual Dell credit (however, this Amex benefit will continue through June 30 and will be changed starting July 1); for example, saving 40% allowed me to get an extra monitor last year with my annual credits. This also helps offset the Amex Business Platinum’s $695 annual fee (see rates and fees). Enrollment is required, and terms apply.
- Late checkout at IHG properties. Though I don’t frequently stay at IHG properties or hold an IHG credit card to have IHG One Rewards status, when I do visit an IHG hotel, a 2 p.m. late checkout time is an added perk.
- Sonesta Travel Pass Gold status. I have stayed at a few Sonesta hotels, but I am not a frequent visitor, so having some extra perks for these one-off stays is an added benefit for me.
- Preferred pricing on Crunch Equinox. I used to be an Equinox member, and this preferred pricing saved me around $100 off my monthly membership. If you have The Platinum Card® from American Express, you could pair this discount with the up-to-$300 Equinox statement credit you receive each calendar year (subject to auto-renewal). Enrollment is required, and terms apply.
- Complimentary TripIt Pro membership. A very useful app for planning a trip and keeping your itinerary all in one place, this flight-tracking feature comes in handy for frequent flyers like me.
- Tickets by FoundersCard. Members receive access to preferred pricing on sports and live event tickets with no service fees. I used this once to purchase football tickets and saved almost $50 by not having to pay service fees.
Some other notable FoundersCard benefits include discounts on business services, elite status with Hilton and Marriott, shopping discounts and discounts for select luxury hotels.
Pairing FoundersCard with credit cards is where you can really get outstanding value. Some credit cards offer automatic elite status or corresponding perks, which you can then pair with FoundersCard’s airline and hotel discounts.
Airline discounts and perks
In addition to the airline discounts I mentioned above, FoundersCard offers airfare discounts and special offers with many airlines around the world, including:
- Air New Zealand: Up to 11% off most fares
- British Airways: Up to 10% off most round-trip fares originating from the U.S. and Canada
- Etihad Airways: Up to 10% off select fares
- La Compagnie: Up to 10% off select fares
- JSX: $250 flight credit (requires elite membership)
- Qantas: Up to 15% off fares between the U.S. and Australia or New Zealand (must purchase in the U.S.)
- Qatar Airways: Up to 10% off flights originating from the U.S.
- Singapore Airlines: Up to 15% off select flights originating from the U.S.
- Virgin Atlantic: Flying Club Silver Elite Status upgrade after completing one round-trip flight, and a fast track to Gold Status (earn 500 Tier Points within 6 months)
You can book any cabin for these airlines and receive a discount.It’s important to note that with these discounts, you will still earn miles and spending qualifiers toward elite status with the airline. If you frequently fly one of these airlines and book expensive fares, you could easily recoup the cost of a FoundersCard membership with just one flight purchase. For example, United is my preferred airline, and I hold United MileagePlus Premier Gold status with the carrier. Every time I use my FoundersCard discount, I get 20% off.
You can further maximize the value of this discount by using a cobranded airline credit card to earn miles.
Downsides of FoundersCard
Despite FoundersCard having many great perks and benefits, there are some downsides, including:
- The full list of benefits isn’t viewable before membership: You have to sign up for membership and pay before you can get the full list of benefits and features, so it can be tough to determine how much value you will get from each benefit.
- Steep annual fees: The card has an annual fee similar to that of premium credit cards.
- Offers many benefits that credit cards offer: If you have a premium travel card like the Amex Platinum, you might notice that some of the benefits overlap.
- FoundersCard is not a credit card: Since it is not a credit card, you can’t make purchases or earn any miles, while still paying a hefty annual fee.
- Some benefits require a FoundersCard Elite membership. The Elite plan includes benefits like Omni Select Guest® Champion Status, Wynn Rewards Platinum status, access to a concierge service, higher savings with select brands and higher-tier elite rental car and hotel status.
- Many benefits are very niche: Despite FoundersCard having over 500 benefits, most are very targeted, so the average person will not benefit from them. For example, the card offers lot of discounts at many less popular retailers. While the discounts can be quite substantial, I won’t ever shop at most of these stores, making them useless to me.
FoundersCard is best paired with a travel rewards card to maximize its discounts while earning points and miles.
My verdict on FoundersCard
While many FoundersCard benefits can be accessed with premium cards like the Amex Platinum or the Amex Business Platinum, the program’s lifestyle and travel benefits still provide outsize value worth the $295 I pay annually.
You may also find great value in having the card if you run a business and can take advantage of the various business discounts and benefits. That said, I would not recommend relying on FoundersCard in a strictly nonbusiness capacity unless you spend a lot at some of the retailers that offer a substantial discount. Otherwise, you’re better off saving the annual fee to get a premium credit card.
If you feel FoundersCard is right for you, I recommend aiming for a rate under the standard membership cost.
Bottom line
FoundersCard is a membership card that provides many benefits and discounts for travel and retail. Top benefits include automatic elite status with hotels and rental car companies and discounts with major airlines, retailers and luxury hotels around the globe.
If you’re a business owner or someone who can utilize a lot of the FoundersCard’s benefits, you might want to consider adding this membership card to your wallet.
Related: The best premium credit cards: A side-by-side comparison
For rates and fees of the Amex Business Platinum, click here.